The Economy: Better or Worse Than a Year Ago?

More

A year ago tomorrow Lehman Brothers announced its collapse, marking the beginning of the end of the self-sustained U.S. financial system, as big banks crumbled one after the other and ultimately received $2 trillion in government money to keep existing. President Obama will use the occasion to deliver a speech on Wall Street this afternoon, outlining a retreat from the government's involvement with financial institutions. So how does the economy today, and Americans views of it, compare to a year ago? According to Gallup's charts, the economy is worse, but Americans are more optimistic that it's getting better:


gallup lehman day bars 1.jpgThe measures are for percentage of Americans who say the economy is getting better/worse, percentage of Americans who say their employers are hiring/letting people go, and self-reported average daily consumer spending.

Here's a look back at how everything progressed. Note that a year ago, people were spending tons of money and thinking the economy was getting worse...and then it did: consumer spending saw sharp drops before Obama was inaugurated, then continued to decline. Now, people are more optimistic about the economy than they were on the first day of its collapse:

gallup lehman day graph 1.jpg



Jump to comments
Presented by

Chris Good is a political reporter for ABC News. He was previously an associate editor at The Atlantic and a reporter for The Hill.

Get Today's Top Stories in Your Inbox (preview)

Why Do Men Assume They're So Great?

Katty Kay and Claire Shipman, authors of this month's Atlantic cover story, sit down with Hanna Rosin to discuss the power of confidence and how self doubt holds women back. 


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Where Time Comes From

The clocks that coordinate your cellphone, GPS, and more

Video

Computer Vision Syndrome and You

Save your eyes. Take breaks.

Video

What Happens in 60 Seconds

Quantifying human activity around the world

Writers

Up
Down

More in Politics

Just In